Ma­jor Projects Suc­ceed in Jiz­zakh FEZ

Large-scale projects are re­ported suc­cess­ful at the Jiz­zakh Free Eco­nomic Zone, im­ple­mented to­gether with for­eign in­vestors.

Uzbekistan Today (English) - - REGIONS -

The en­ter­prises op­er­at­ing in the joint stock com­pany Uzquril­ish­ma­te­ri­al­lari pay spe­cial at­ten­tion to pro­vid­ing the pop­u­la­tion with qual­ity build­ing ma­te­ri­als, re­duc­ing the vol­ume of im­ports through the mod­ern­iza­tion of man­u­fac­tur­ing ca­pac­i­ties, ex­pand­ing the out­put of ex­port-ori­ented goods and cre­at­ing new jobs.

Co­op­er­a­tion with for­eign in­vestors for the de­vel­op­ment of the sphere opens up ex­ten­sive op­por­tu­ni­ties for achiev­ing th­ese goals. The cur­rent leg­is­la­tion in Uzbek­istan has cre­ated for for­eign in­vestors all the ben­e­fits and pref­er­ences pro­vided for in in­ter­na­tional norms.

Min­guan Silu In­dus­try, a joint ven­ture with Chi­nese in­vestors, or­ga­nized in Jiz­zakh in the frame­work of the project at a to­tal cost of $ 110 mil­lion, has a pro­duc­tion ca­pac­ity of 24 mil­lion square me­ters of glass per year. At the first stage of the en­ter­prise, $ 29 mil­lion was used last De­cem­ber, pro­duc­tion of 4 mil­lion square me­ters of dec­o­ra­tive glass was set up. This con­trib­uted to the cre­ation of 210 jobs.

One more en­ter­prise has be­gun work th­ese days. The Uzbek-Bri­tish joint ven­ture, Mega In­vest In­dus­trial, opened in the Far­ish dis­trict of the re­gion. The to­tal cost of the project for the pro­duc­tion of mod­ern fit­tings of 2,500 tons of basalt fiber is $ 61.1 mil­lion, of which $ 36.4 mil­lion is bank loans, $ 17.6 mil­lion is for­eign in­vest­ment and $ 7.1 mil­lion is the com­pany’s own funds.

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